One area where we are expanding due to our success in this field is furniture sourcing. We have achieved a 36% saving on furniture ex-factory invoices totalling approximately HK$18M savings for one of our main clients over the last 3 years, and have managed this by:
Achieved 36% saving on furniture costs for a key client over 3 years
Impartial and competitive tendering processes – We have a large network of approved suppliers in the region. At the outset of a relationship we select to the appropriate suppliers ensuring the best match for our client needs. We fully summarise quotes and provide a detailed insight into each supplier for the client to make an informed choice.
Value engineering – Once a supplier has been selected we manage the drawing approval process and work on value engineering the design. The supplier revises their quotes and the end product outlook remains unchanged with savings passed onto the client
Smarter Ordering Procedures – Working closely with the client we determine the best ordering procedures to suit their needs. Bulk ordering can see considerable savings for the client. We negotiate on behalf of our clients to get the most suitable payment terms, packing and storage options available
Detailed Inventory Management – We ensure your inventory is correctly managed, analysing previous orders shipped, advising on updating new furniture requirements with the evolution of the concept and making sure replenishment orders are placed on time
In addition to the above we initiate an annual audit and work with the supplier to drive down prices. We target a pre-agreed annual percentage saving on fixture costs per year and work with the suppliers to achieve this.
Throughout this process quality is never compromised.